Wall Street extends losses for 6th day on growth worry
NEW YORK (Reuters) - Stocks extended losses for the sixth straight day on Wednesday as a bearish assessment of the economy from Federal Reserve Chairman Ben Bernanke kept investors nervous.The S&P 500 was off about 5.7 percent from its 2011 intra - Click for more...
Fed: U.S. default a huge risk; Fitch may slash rating
NEW YORK (Reuters) - A U.S. default is the biggest risk facing the global economy, a top Federal Reserve official said just hours after Fitch Ratings warned it could slash U.S. credit ratings if the government delays bond payments.St. Louis Federal R - Click for more...
Obama sees no recession risk but more jobs needed
WASHINGTON (Reuters) - President Barack Obama on Tuesday dismissed the risk of the United States slipping back into recession as poor jobs data raised fresh doubts among Americans over his handling of the economy."I'm not concerned about a doubl - Click for more...
Falling Bank stocks pull Down down
NEW YORK (AFP) – Falling bank shares pulled US stock markets lower at the open Monday, under a cloud of poor economic data and five straight losing weeks.The Dow Jones Industrial Average lost 41.70 points (0.34 percent) at 12,109.56 at 1400 GMT - Click for more...
Oil drops below $100 ahead of OPEC meeting
NEW YORK (AP)  – Oil fell below $100 a barrel Monday as investors and economists await a key OPEC meeting this week and the government's outlook on U.S. supply and demand.Benchmark West Texas Intermediate for July delivery lost $1.21 to se - Click for more...
Stocks post fifth straight week of losses
NEW YORK (AP) - Evidence is piling up that the economic recovery has lost some of its vigor. That has deflated a stock market rally and pushed indexes down for five straight weeks, the longest losing streak since mid-2008.So, what's next? Don't hold - Click for more...
Moody's warns of rising risk on U.S. credit rating
NEW YORK (Reuters) – Moody's Investors Service said Thursday there is a very small but rising risk of a short-lived default by the United States if the country's debt limit is not increased in coming weeks.In a statement, Moody's said it would - Click for more...